CNG Truck Accident in Upstate NY Near Albany Injures Driver
Last Tuesday, Dec. 5, a tractor-trailer hauling a trailer with CNG (compressed natural gas) canisters traveling eastbound along Interstate 88 near Albany “exited the road and traveled down a steep ravine” shortly before 3 a.m. It crashed, ripping the top of the trailer off the frame (the part connected to the wheels). The driver was extracted from the cab and transported to the nearby Albany Medical Center, where, at last word, he was in critical condition. The New York State Police closed I-88 in both directions between Exit 24 and Exit 25 for a period of time. It was reopened by evening.
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Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy in May 2021 with a new board and top management. In January of this year, the company appointed a new CEO, John Reinhart, the former President and CEO of M-U driller Montage Resources Corporation before Southwestern Energy gobbled up that company (see
The commodity price for natural gas, as expressed by the NYMEX Henry Hub futures contract (for January), fell 10.5% in early trading yesterday before finally closing at $2.43/MMBtu, down 15 cents (6.17%) from the previous day. Why the big drop when prices are already low? Lack of demand due to warm weather. In fact, according to the National Weather Service, the entire continental United States will be warmer than average for the period of Dec. 19-25. Plump storage numbers, coupled with the weather, had natgas traders heading for the exits.
Williams is a powerhouse pipeline company. Williams operates more than 33,000 miles of pipelines in the U.S. and flows approximately one-third of the natural gas used in our country through those pipelines. Massive! The CEO of Williams, Alan Armstrong, is (or was) in Dubai for the United Nations COP28 climate meeting. He was there to preach the gospel of natural gas as the best way, the near-term way, to lower carbon dioxide emissions across the planet. He has proof to back up his claims. The U.S. is the only major country on earth to lower CO2 emissions since 2005. How? By switching from coal to natural gas for power generation.
An ancient Arabian proverb says, “The enemy of my enemy is my friend.” You know we’re no fans of OPEC+ and the murdering thug dictators who run the countries belonging to OPEC+. But this one time, we have praise for the group. They single-handedly changed the language in a final communique issued by the UN COP28 delegates that was supposed to call for the phase-out of fossil fuels worldwide. Instead, the language was modified to say, “reducing both consumption and production of fossil fuels, in a just, orderly and equitable manner.” It was changed at the insistence of the OPEC+ club. Needless to say, the snowflake leftists at COP28 are weeping and wailing and gnashing their teeth.
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Hope Gas is a Local Distribution Company (LDC) that provides gas service to approximately 125,000 residential, industrial, and commercial customers in thirty-five West Virginia counties. The company owns and maintains more than 6,900 miles of pipelines that safely deliver West Virginia natural gas to many homes and commercial or industrial sites. In September, Hope Gas asked the WV Public Service Commission (PSC) of West Virginia for permission to build a new 30-mile pipeline in Monongalia County (see
Amol Wayangankar, principal of Enkon Energy Advisors, spoke at the recent Hart Energy DUG Appalachia event in Pittsburgh. He had some REALLY interesting things to say about pipelines and takeaway capacity and where (and how much) Marcellus/Utica gas flows. One fascinating observation: Over the past 24 months, Appalachia gas production grew 0.3 Bcf/d, while production in the Haynesville Shale grew 2.5 Bcf/d and 5 Bcf/d in the Permian Basin. The M-U is in danger of losing market share to other basins unless we can begin to get more of our production out of the Northeast.
The Baker Hughes U.S. rig count hit a new low for 2023 five weeks ago (see 
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